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Europe Remains Top Destination for US LNG
Europe last month remained the top destination for shipments of U.S. liquefied natural gas (LNG), according to Refinitiv data, outpacing exports to Asia for the second month in a row.About two-thirds of U.S. LNG volumes went to Europe last month, compared to around 61% in December when sky-high European prices and demand drove U.S. LNG exports to a record, Refinitiv data showed.In both months, a lack of supply drove demand and led to cargoes being re-routed from other destinations.
US Helps Fund Oakland Port Project
The U.S. Department of Agriculture said on Sunday it will help fund a new container yard for agricultural exports at California's Port of Oakland, as the government, ports and food companies scramble to ease costly shipping delays.The multimillion-dollar project is set to open in March, and officials said it could be replicated elsewhere.Strong U.S. demand for goods from Asia during the pandemic has boosted imports, clogging West Coast ports.
Alfa Laval Sees Growing Orders for FCM LPG Fuel Supply Systems
Alfa Laval reports it is experiencing increased demand for solutions related to liquefied petroleum gas (LPG) as fuel, having seen notable orders for the Alfa Laval FCM LPG in recent months as the marine industry focuses on decarbonization. The low-flashpoint fuel supply system (LFSS) that can work seamlessly with LPG cargo handling systems.Given its lower CO2 footprint compared to traditional marine fuels, LPG is a logical step in decarbonizing the vessels that transport it, Alfa Laval said.
China Sinopec Tenders to Sell Up to 45 LNG Cargoes for 2022
China's Sinopec Corp has issued a tender to sell up to 45 cargoes of liquefied natural gas for 2022 deliveries, in a rare sell tender of the super-chilled fuel to take advantage of high Asian spot prices, said traders who were invited to bid.Under the tender, Sinopec offered two to five cargoes each month between February and October on a delivered ex-ship basis.Prices will be linked either to Europe's Title Transfer Facility pricing or North Asian benchmark Japan Korean Marker.The tender closes
Indonesia: 48 Coal Vessels So Far Released for Export
Indonesia has so far allowed 48 coal export vessels to depart, a senior Trade Ministry official said on Tuesday, although the country's broader coal export ban remains in place until the end of the month.The world's biggest thermal coal exporter implemented an export ban on Jan.
Strategic Marine Delivers Crew Boat to Centus Marine
Strategic Marine (S) Pte Ltd recently handed over Centus Ten to Malaysian Offshore operator Centus Marine Sdn Bhd, marking the third fast crew boat handed over by Strategic Marine to Centus in the last 12 months and the 10th vessel overall.Commenting on the vessel handover, Strategic Marine’s CEO Chan Eng Yew said, “Centus Marine’s continued relationship and support is a solid endorsement of our design…
Indonesia to Improve Coal Delivery Checks as Export Ban Weighs on Economy
Indonesia's state utility Perusahaan Listrik Negara (PLN) said on Friday that together with the energy ministry it was strengthening a coal delivery monitoring system to ensure enforcement of domestic sales rules and energy security.The world's biggest thermal coal exporter introduced an export ban on Jan. 1 as coal inventories at local power plants were at critically low levels, amid low compliance with a so-called Domestic Market Obligation (DMO).Under the DMO…
Hornbeck Offshore to Acquire 10 Vessels from Edison Chouest
U.S.-based offshore vessel owner Hornbeck Offshore Services has agreed to acquire ten high-spec new generation offshore supply vessels ("OSVs") from Edison Chouest Offshore affiliates.Eight of the vessels are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,750 DWT. The other two vessels are Mexican-flagged 240 class DP-2 OSVs with capacities of circa 3,200 DWT. Upon completion of regulatory drydockings to be conducted by the Edison Chouest Offshore affiliates…
Report: Venezuela to Export Diluted Crude after 9-month Pause
Venezuelan state-run oil firm PDVSA this week will resume exports of diluted crude oil (DCO) for the first time in nine months, according to a document seen by Reuters.Since U.S. trade sanctions were imposed on PDVSA in 2019, a lack of diluents, especially heavy naphtha, has hurt its ability to produce exportable grades from its largest production region, the Orinoco Belt. Its extra heavy oil must…
New Management at Aibel's Haugesund Yard
Norway;s Aibel has announced a pair of leadership appointments at its yard in Haugesund.The company said Friday that Lars Inge Hellestveit will take up the role of vice president of yard operations, joined by Hans Jørgen Alfsen as the yard's new fabrication manager. Both will enter the new roles with immediate effect.Hellestveit comes from the position as project manager for the upgrade of the Njord Bravo floating storage unit (FSU)…
2022 & Beyond: Will the Container Carrier Debacle Ever End?
When the global supply chain runs smoothly, it’s like a well-choreographed dance. Everything comes together elegantly and effortlessly. But when someone misses a step, the show can quickly turn into a disaster. And that’s what’s currently unfolding before our eyes, headline after headline.Those of us in the supply chain industry know it takes a Herculean effort to keep the wheels of commerce turning without so much as a squeak or rattle.
Christmas Supply Chain Crisis Averted, Biden Says
President Joe Biden said U.S. actions to eliminate supply-chain snarls have staved off a pre-Christmas crisis, ahead of a meeting with U.S. officials and private-sector companies, including FedEx, on Wednesday.Biden created a task force in June to address high prices and shortages of consumer goods and crucial components, thanks to pandemic-related labor and demand issues.After pushing for round-the-clock port operations…
Red Rock Cranes for North Star's New SOV
Norway-based crane manufacturer Red Rock has won an order from shipbuilder Vard for equipment supply for a service operations vessel (SOV) ordered last week by North Star Renewables for work on the Dogger Bank offshore wind farm in the UK.As previously reported, the vessel will be operating on Dogger Bank C and is the third order of a VARD 4 12 SOV. Red Rock will deliver one 2T 3D Motion Compensated crane, one 2T Boatlanding crane, and one 1T Shipboard crane.
US Great Lakes Ports Report Cargo Spikes
U.S. Great Lakes ports and the St. Lawrence Seaway are reporting a rush of activity as manufacturers stockpile raw materials and businesses take advantage of the congestion-free waterway to export overseas with just two weeks left of the season, the Chamber of Marine Commerce reports.“U.S. Great Lakes ports have roared back this year – recovering from major 2020 declines in traditional cargoes like…
GTT Scores Tank Design Order for LNG Carrier Pair
French engineering firm GTT announced it has received an order from its partner the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two new…
Vestdavit Reports Record Sales
Norwegian davit supplier Vestdavit reports it has achieved record sales this year as it focuses on continuous product innovation to boost orders in both core and new markets.The company is on course for group-wide sales of more than Nkr200 million ($22 million) in 2021, a 20% increase on last year, to ensure a solid profit for the year and its fabrication facility in Poland is currently working at full capacity…
Excelerate Sequoia FSRU Starts Operations in Brazil
Excelerate Energy has started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia, in Brazil.Excelerate's floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173,400 cubic meters, is providing regasification services at TR-BA. The terminal has a regasification capacity of up to 700 million cubic feet per day.Excelerate and Petrobras signed the lease contract for TR-BA on September 28…
GTT Wins Tank Design Order for Maran LNG Carrier Pair
French engineering firm GTT said it has received an order from its partner the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank…
Gas Price Windfall Makes Gazprom Patient Over Nord Stream 2 Delay
Windfall revenues from high European gas prices mean Russia's Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said.Pumping gas without the German approval would only incur a modest fine, but as Germany gets new political leadership and Russia's ties with the West are severely strained, a source…
Two 12,200 TEU Newbuilds Delivered to Seaspan
The world's largest containership lessor Seaspan Corporation said it has taken delivery of two 12,200 TEU newbuilds. The vessels will immediately begin 18-year charters with an unnamed "major liner customer".The new ships are the second and third of five newbuild containerships in this class, the first having been delivered in October. Each has been delivered approximately two months ahead of schedule…